Avantis Core Municipal Fixed Income ETF (NYSEARCA:AVMU) Sees Large Decline in Short Interest

Avantis Core Municipal Fixed Income ETF (NYSEARCA:AVMU) was the recipient of a significant decline in short interest in February. As of February 27th, there was short interest totaling 17,588 shares, a decline of 28.3% from the February 12th total of 24,543 shares. Approximately 0.5% of the company’s stock are short sold. Based on an average daily volume of 6,513 shares, the short-interest ratio is presently 2.7 days. Based on an average daily volume of 6,513 shares, the short-interest ratio is presently 2.7 days. Approximately 0.5% of the company’s stock are short sold.

Avantis Core Municipal Fixed Income ETF Price Performance

AVMU traded up $0.07 during trading hours on Friday, hitting $46.31. 8,815 shares of the company’s stock were exchanged, compared to its average volume of 8,668. Avantis Core Municipal Fixed Income ETF has a 12-month low of $42.23 and a 12-month high of $47.14. The firm has a 50 day moving average of $46.67 and a 200 day moving average of $46.07.

Avantis Core Municipal Fixed Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, February 9th. Shareholders of record on Thursday, February 5th were paid a $0.157 dividend. This represents a c) annualized dividend and a dividend yield of 4.1%. This is a positive change from Avantis Core Municipal Fixed Income ETF’s previous monthly dividend of $0.12. The ex-dividend date was Thursday, February 5th.

Institutional Trading of Avantis Core Municipal Fixed Income ETF

A number of large investors have recently modified their holdings of AVMU. Flow Traders U.S. LLC boosted its holdings in Avantis Core Municipal Fixed Income ETF by 13.1% in the second quarter. Flow Traders U.S. LLC now owns 5,043 shares of the company’s stock valued at $226,000 after purchasing an additional 585 shares during the period. Align Financial LLC acquired a new position in Avantis Core Municipal Fixed Income ETF during the 4th quarter worth $125,138,000. Fourth Dimension Wealth LLC increased its holdings in Avantis Core Municipal Fixed Income ETF by 6.0% during the 4th quarter. Fourth Dimension Wealth LLC now owns 4,123 shares of the company’s stock worth $191,000 after purchasing an additional 235 shares during the period. Crews Bank & Trust raised its position in Avantis Core Municipal Fixed Income ETF by 61.8% in the 3rd quarter. Crews Bank & Trust now owns 15,127 shares of the company’s stock valued at $690,000 after purchasing an additional 5,780 shares in the last quarter. Finally, Nemes Rush Group LLC raised its position in Avantis Core Municipal Fixed Income ETF by 14.6% in the 2nd quarter. Nemes Rush Group LLC now owns 3,417 shares of the company’s stock valued at $153,000 after purchasing an additional 436 shares in the last quarter.

Avantis Core Municipal Fixed Income ETF Company Profile

The Avantis Core Municipal Fixed Income ETF (AVMU) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively managed to invest in investment-grade US municipal securities. AVMU was launched on Dec 8, 2020 and is managed by American Century Investments.